Re: Why the EU is collapsing
Julie the EU can only offer opportunities.
Each country does with them what it wants.
The EU had nothing to do with Greece's problems...they came from lax suppervision of tax revenues and local "corruption" (no receipts etc) plus a les than honest self assessment of its own finances. The EU does not
MAKE countries rich...it gives them an opening into a huge market in which to trade under similar conditions and also ensures that quality, humn rights, workers rights, women's rights are all the same.
if it had not been for the EU, Greece would have been very much poorer than it is and the Greek people far worse off.
Greece may flinch at the poverty they themselves caused but it would have been much the same in or out of the EU. It was the EU that gave assurances that loans would be repaid to non EU support plus chipped in a few quid itself.
The UK will not be better off, nor will low wages rise any faster. Rates of pay are defined by your own govt, by supply and
demand in jobs and in products.
Philip Hammond has already said austerity measures would continue at least until well after 2020.ie suppressed wages.
and what happens to wages depends very much on what competition the UK faces in the rest of the world in terms of price for traded goods after that.
It also depends on what interest rates do...if they go up in any significant way the govt will have to put up taxes , which puts pressure on incomes and/or businesses to pay off the interest.
You can forward plan your economy to some degree but a lot of it depend on what happens elsewhere.